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Geo-technical Instruments Market to Exhibit Phenomenal Growth Over 2019-2027 - Lead By WaySen, Soil Instruments Limited, Geomotion Singapore, GEOKON, EKO Instruments B.V., Durham Geo-Enterprises, RST Instruments

Press release   •   Jul 17, 2019 12:36 IST

The geotechnical instruments are used to monitor the soil conditions, pressure levels, etc. of geotechnical projects such as bridge, dam, or site construction. These instruments provide useful insights to the engineers and construction workers in assessing the conditions and parameters of the project site. Infrastructural development in the economically growing regions has led to an increasing need for instrumentation and monitoring for completing the construction effectively and with greater accuracy.

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The geo-technical instruments market is anticipated to witness growth in the forecast period on account of rapid urbanization and industrialization in the developing nations. Moreover, strict government regulations towards safety and sustainability of structures further generate the need for geo-technical instrumentation and monitoring, thereby fueling the market growth. However, the high installation cost may hamper the growth of the geo-technical instruments market during the forecast period. Nevertheless, increasing investments in oil & gas and major energy projects offer substantial opportunities for the players operating in the geo-technical instruments market.

The global geo-technical instruments market is segmented on the basis of product type, technology, and end user. Based on product type, the market is segmented as sensors, piezometers, inclinometers, extensometers, and others. On the basis of the technology, the market is segmented as wired networking and wireless. The market on the basis of the end user is classified as oil & gas, mining, building and infrastructure, and energy & power.

The report analyzes factors affecting geo-technical instruments market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the geo-technical instruments market in these regions.

The reports cover key developments in the geo-technical instruments market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from geo-technical instruments market are anticipated to lucrative growth opportunities in the future with the rising demand for geo-technical instruments in the global market. Below mentioned is the list of few companies engaged in the geo-technical instruments market.

In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years. - Durham Geo-Enterprises, Inc. - EKO Instruments B.V. - GEOKON - Geomotion Singapore - GEONOR, Inc. - Nova Ventures - RST Instruments Ltd. - Sisgeo S.r.l. - Soil Instruments Limited - WaySen Gmbh. 

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